Memphis, TN Rent History
140 months of data, 2015–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$1,259
1-year change
+1.8%
$22/mo
5-year change
+16.9%
$182/mo
10-year change
+62.0%
$482/mo
Monthly rent trend
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Year-by-year rent in Memphis
| Year | Median rent | YoY change | vs 2015 |
|---|---|---|---|
| 2015 | $763/mo | — | 0.0% |
| 2016 | $771/mo | +1.0% | +1.0% |
| 2017 | $788/mo | +2.2% | +3.3% |
| 2018 | $809/mo | +2.7% | +6.0% |
| 2019 | $844/mo | +4.3% | +10.6% |
| 2020 | $903/mo | +7.0% | +18.3% |
| 2021 | $1,006/mo | +11.4% | +31.8% |
| 2022 | $1,131/mo | +12.4% | +48.2% |
| 2023 | $1,172/mo | +3.6% | +53.6% |
| 2024 | $1,206/mo | +2.9% | +58.1% |
| 2025 | $1,237/mo | +2.6% | +62.1% |
| 2026 | $1,240/mo | +0.2% | +62.5% |
Frequently asked questions
How much has rent in Memphis changed since 2015?
Median rent in Memphis, TN was $760 in 2015-01 and is $1,259 as of 2026-09 — a change of $499 per month over 11 years.
How much has Memphis rent increased in the last 5 years?
Over the past 5 years, median rent in Memphis, TN has changed +16.9% ($182 per month). The current median is $1,259.
What has rent in Memphis done over the past decade?
Over the past 10 years, median rent in Memphis, TN has changed +62.0% ($482 per month). It is now $1,259.
Is rent in Memphis going up or down year over year?
Year over year, median rent in Memphis, TN has increased +1.8% ($22/mo). Current median: $1,259.